September 26, 2013 |
J.C. Penney publicly defended its trajectory Thursday after watching its stock plunge amid speculation that it needed another financing boost. In a statement, the retailer said it is “pleased with its progress thus far in the company's turnaround and the traction its initiatives are starting to achieve.” J.C. Penney also said it was “starting to see greater predictability in its performance across many areas” -- a nod to several recent...
September 22, 2013 |
Sometimes, employers aren't looking for a long-term, committed relationship. That's where On Assignment Inc. comes in. The Calabasas firm provides skilled employees - many of them in the technology field - to companies looking for temporary workers. Its profits come from charging employers about 30% more than it pays the workers. That markup is used in part to pay the temporary workers' employment taxes and benefits. As the U.S. economy improves and the jobs picture brightens, employers increasingly are turning to On Assignment for workers.
September 12, 2013 |
The Walt Disney Co. will repurchase up to $8 billion in stock next year, giving a major boost to investor returns, the company's chief financial officer Jay Rasulo said Thursday. In remarks at the Bank of America Merrill Lynch 2013 Media, Communications & Entertainment Conference in Beverly Hills, Rasulo cited confidence in the return on Disney's investments, the overall company, and its stock price, which has increased 25% to $65.49 a share...
August 19, 2013 |
Apple's stock price skyrocketed again on Monday, leaving investors rejoicing and wondering just how long this latest bull run can last. In mid-day trading, Apple's stock was up $9.80 or 1.95% to $ 512.13. Last week, after investor Carl Icahn announced he'd taken a big position in Apple, the company' stock also went on a tear. PHOTOS: Top smartphones of 2013 Last Monday, Apple's stock closed at $ 467.36. Icahn revealed his investment mid-day on Tuesday.
August 14, 2013 |
SAN FRANCISCO — Activist investor Carl Icahn said he has amassed a sizable stake in Apple Inc. and prodded the tech giant to increase its stock buyback program, cheering investors but creating a headache for one of the industry's most admired companies. Icahn disclosed his Apple stock holdings, reported to be valued at about $1 billion, in a pair of Twitter posts Tuesday. He said that the company's stock is "undervalued" and that a larger buyback would help drive the share price higher.
July 27, 2013 |
This has been a good year so far for Herbalife Ltd. shareholders -- and a painful one for Bill Ackman, the activist manager of hedge fund Pershing Square Capital Management. Ackman last year shorted 20 million shares of Herbalife stock, about one-fifth of its outstanding shares, betting $1 billion that the Los Angeles nutritional products company would fail. Herbalife's stock, instead, has surged more than 75% this year, hitting a 12-month high Tuesday and leaving Ackman and his Pershing Square down $169 million by Friday afternoon.